Hebei Province-based Chinese steelmaker Xinxing Ductile Iron Pipes Co., Ltd. (Xinxing Ductile Iron Pipes) has announced that it registered an operating revenue of RMB 37.022 billion ($5.4 billion) in 2025, up 2.29 percent year on year, while posting a net profit of RMB 947 million ($137.2 million) for the given year, compared to a net profit of RMB 167 million recorded in 2024.
According to the data issued by Xinxing Ductile Iron Pipes, its low-margin ordinary steel business revenue declined significantly by 17.72 percent year on year, with its revenue share declining from 30.09 percent in 2024 to 24.21 percent in 2025. Meanwhile, its high value-added specialty steel segment has emerged as a standout performer, with operating revenue reaching RMB 10.432 billion ($1.5 billion), representing a year-on-year increase of 15.66 percent, and with its share of total revenues rising to 28.18 percent.
$1 = RMB 6.8654